THE Four Seasons Place Kuala Lumpur, adjacent to the iconic Petronas Twin Towers, is poised to be another landmark in the Golden Triangle.

Venus Assets Sdn Bhd executive director Datuk David Ban said the development featured the Four Seasons Hotel, which would be the second-tallest building in the city centre with a height of 342.5m.

“This development validates the position of Kuala Lumpur as a major international city and tourist destination with its vibrant population and world-class infrastructure,” he said at the topping out ceremony of the 77-storey hotel tower project, here, recently.

Venus Assets is the developer and owner of Four Seasons Place.

The topping out was witnessed by Tourism and Culture Minister Datuk Seri Nazri Aziz.

The Four Seasons Place comprises a 300,000 sq ft retail mall, 242 branded residential units and the 240-key hotel, with a gross development value of RM3 billion. The contractor for the project is China Railway Construction Corp.

Ban said the residences would be completed by the end of this year.

Almost 70 per cent of the residences have been taken up by local and foreign buyers from Singapore, Indonesia, Taiwan, South Korea and Japan since the launch in 2013.

The units sold for RM2,500 per sq ft (psf) back then and the current selling price of the remaining residences is about RM3,000 psf.

Ban said the mall and hotel were expected to open in the second quarter of next year.

Meanwhile, Nazri said the Four Seasons Place would raise Kuala Lumpur’s stature as it would attract high-end tourists.

“There are those who are willing to pay to stay in such hotels and there would be tourists who would visit a place just to stay in such a hotel,” he said.

Nazri also said the hotel’s construction would further cement the good ties between Malaysia and China.